⚠️ Consumers' Research Accuses Tether of Lack of Transparency

For ten years, various firms have occasionally attempted to criticize the issuer of the largest stablecoin. This time, yet another attempt has been made.

✔️ A consumer advocacy group published a report warning that Tether lacks transparency, claiming the company has not conducted a full audit of its dollar reserves. The situation is said to resemble FTX and Alameda Research.

Additionally, Tether has been accused of doing business with dishonest players and failing to prevent illegal entities from operating.